Ontario: 6-month reduction in fuel taxes starting this Friday

TORONTO — Ontario’s gas tax is being reduced by 5.7 cents per liter for six months starting this Friday.

Legislation passed last spring also provides for the tax on fuel, which includes diesel, to be reduced by 5.3 cents per liter over the same period.

The Progressive Conservative government of Ontario has estimated that when implemented, this tax reduction will cost $645 million.

Premier Doug Ford is reportedly considering extending the measure past December 31 if inflation is still high at that time.

The changes come as Ontarians face very high gasoline prices, typically about $2 per liter across the province.

Observers expect the tax cut to provide some relief to consumers, but in their view, the impact of the cut could fluctuate due to external factors.

(function(d, s, id){ var js, fjs = d.getElementsByTagName(s)[0]; if (d.getElementById(id)) {return;} js = d.createElement(s); js.id = id; js.src = "https://connect.facebook.net/fr_CA/sdk.js"; fjs.parentNode.insertBefore(js, fjs); }(document, 'script', 'facebook-jssdk'));


Back to top button